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Cash Flow Forecasting: Why Liquidity Equals Freedom
Entrepreneur Aligned's Tiffany Charles and Jarrod Musick discuss understanding forecasted balances better in order to avoid stressful shortfalls and missed opportunities.
What's Discussed in This Episode: What are the best investments you've missed out on because you didn't have cash available? What have you had to pass up on in your personal life because you didn't have cash? Personal anecdotes and a real-world example are given in order to represent how rolling forecasts for cash needs let you keep less in cash and have more for better uses.
- Welcome and introduction of topic and case study [1:09]
- Successful Sip [1:41]
- What are the best investments that you've missed out on, because you didn't have cash available?
- What did you have to pass up on in life, because you didn't have cash available?
- January cash flow discussion and two question that people need to consider about cash and why holding it matters [2:40]:
- Observations on how if you're always over-optimized to have every dollar invested in your company, you don't have the ability to say "yes" to travel, for example [9:25]
- Discussion of "a process of saying "no" to the good so you can say "yes" to the outstanding" [11:27]
- Overview and analysis of a case study about a family who missed out on their ideal house because they didn't have enough assets for their $2.5M dream home when it became available on the market [13:25]
- Answer the question of, "How do we make sure this doesn't happen again?" [15:35]
- Specific details of cash flow mapping and what-ifs in regards to business capabilities to deliver personal wealth, exit transactions, trade-off analysis and time and tax obligations [16:41]
- Setting mental guard rails to when you can consider saying "yes" to your plan [21:01]
- Examples of client processes and key factors in helping entrepreneurial clients make their best investments [21:34]
- Summary and discussion of planning and key "yes and no" factors to help you have the cash on hand so you can say "yes" to the things that are right for you and yours [25:11]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.
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By Entrepreneur Aligned
5
77 ratings
Entrepreneur Aligned's Tiffany Charles and Jarrod Musick discuss understanding forecasted balances better in order to avoid stressful shortfalls and missed opportunities.
What's Discussed in This Episode: What are the best investments you've missed out on because you didn't have cash available? What have you had to pass up on in your personal life because you didn't have cash? Personal anecdotes and a real-world example are given in order to represent how rolling forecasts for cash needs let you keep less in cash and have more for better uses.
- Welcome and introduction of topic and case study [1:09]
- Successful Sip [1:41]
- What are the best investments that you've missed out on, because you didn't have cash available?
- What did you have to pass up on in life, because you didn't have cash available?
- January cash flow discussion and two question that people need to consider about cash and why holding it matters [2:40]:
- Observations on how if you're always over-optimized to have every dollar invested in your company, you don't have the ability to say "yes" to travel, for example [9:25]
- Discussion of "a process of saying "no" to the good so you can say "yes" to the outstanding" [11:27]
- Overview and analysis of a case study about a family who missed out on their ideal house because they didn't have enough assets for their $2.5M dream home when it became available on the market [13:25]
- Answer the question of, "How do we make sure this doesn't happen again?" [15:35]
- Specific details of cash flow mapping and what-ifs in regards to business capabilities to deliver personal wealth, exit transactions, trade-off analysis and time and tax obligations [16:41]
- Setting mental guard rails to when you can consider saying "yes" to your plan [21:01]
- Examples of client processes and key factors in helping entrepreneurial clients make their best investments [21:34]
- Summary and discussion of planning and key "yes and no" factors to help you have the cash on hand so you can say "yes" to the things that are right for you and yours [25:11]
Connect with Entrepreneur Aligned:
Like on Facebook: https://www.facebook.com/entrepreneuraligned
Connect on LinkedIn: https://www.linkedin.com/company/entrepreneuraligned
Follow on Instagram: https://www.instagram.com/entrepreneuraligned/
See omnystudio.com/listener for privacy information.